Regal Beloit Corp. CFO David Barta has taken approximately 30 days out of his company's cash cycle over the past four years. But he and the rest of the leadership team at the $1.8bn maker of motion-control products want more. "Our commitment to the board this year is to take another 3 days out of the cycle," Barta says. "That is not a huge stretch, but it is something for which my feet are held to the fire."
With the economy on its heels and cash scarce, many CFOs are feeling similar heat. Whether by slashing costs, extending payables, paring inventories, or tightening operations wherever they can, they are trying to squeeze more cash from operations come hell or high oil prices.
What do they need to make it work?
Source: CFO